43North offers an opportunity to scale your business with funding and an immersive accelerator program like no other. Each year, we invest $5 million into startups, offering founders a chance to secure $1 million in funding, and gain access to a host of support services - from mentorship to connections to investors, and inroads to customers. We typically look for seed-stage startups that have a strong team in place, traction with customers, and received previous investment.
EARLY RETURNS
Since coming on the scene in 2014, 43North has invested in 64 startups. Our portfolio companies have gone on to raise more than $1B, with a $4.4B market value. With a unicorn and publicly-traded company among our ranks, and several others on the rise, we’re co-investors with VCs like Bessemer, Iconiq Capital, and Rise of the Rest to name a few.
43North portfolio companies receive an investment of $1 million in exchange for 5% equity. Companies are required to relocate to Buffalo, NY for one year and work out of the 43North HQ where they’ll receive:
One-on-one mentorship with experts in their field
Class A office space in the newly renovated Seneca One Tower in Downtown Buffalo
Access to customers, vendors, partners and an extensive network of nearly 1,000 investors
Recruiting, fundraising, and marketing support from the 43North team
The opportunity to operate tax-free as part of STARTUP-NY
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After completing the online application, hundreds of applicants are narrowed down through three rounds of a highly competitive selection process. The first two rounds are virtual and the third round is an in-person pitch on stage as part of 43North Finals. Five companies are ultimately selected to receive a $1 million investment and join 43North’s accelerator for a year of programming and an experience like no other.
Timeline
June - Online application will open (exact date TBD)July - Online application will close August - Virtual Video PitchesSeptember - DiligenceOctober - Selected applicants will be invited to Buffalo, NY for a week-long program of mentorship and in-person pitches, which culminates in 43North Finals where we select the five companies that will receive investment and join 43North’s Y8 cohort. Excact dates TBDJanuary 2024 - Selected companies will join 43North’s Y9 cohort in person at the Seneca One tower in Buffalo, NY, for a year-long program.
WHAT WE LOOK FOR
Our startups are often seed-stage companies that have:
Traction with paying customers
Raised venture capital investment
Three or more team members
Founders should not only be willing to relocate their company to Buffalo but should see significant value and opportunity in operating in a city like it.Many of our past winners are graduates of other incubators or accelerators. That said, if you have an incredible company that falls outside this description, we still want to know about you.
There are some things we can’t budge on, though. If you become a winner of 43North, you must:
If you become a winner of 43North, you must:
Provide 43North with 5% equity in your company, in the form of a warrant
Agree to locate your CEO and 50% of your staff in Buffalo for at least 12 months
The following businesses are not eligible for the program:
Retail businesses with brick and mortar storefronts
Residential real property business
Investment vehicles that invest in the securities of other entities
Sports venues
Gaming and gambling businesses
Places of overnight accommodation
Past 43North cash-prize winners
Entertainment-related establishments
Single-purpose entertainment or event productions (e.g. movies, albums, concerts)
Please give our Terms & Conditions a good look to make sure everything matches up.
We use cookies to optimize our website and our service.
Functional cookies
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The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.